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ICE cotton futures rallied to their highest levels in more than a month on Tuesday, after a US government report lowered expectations for output in top producer India and continued rains in US growing regions contributed to supply concerns.
Technical buying also accelerated gains after the rally triggered automatic buy-stops above the prior week's high at 62.45 cents a lb. The December contract also eclipsed its 50-day moving average, at 62.75 cents a lb, for the first time since late August
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Textile Raw Material Price 2015-10-13
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.1
USD/Barrel
-5.1%
2015-10-13
Crude Oil Brent
49.86
USD/Barrel
-5.3%
2015-10-13
PX
838
USD/Ton
-0.12%
2015-10-13
PTA Buy
4600
RMB/Ton
-1.08%
2015-10-13
PTA Sell
590
USD/Ton
0%
2015-10-13
MEG Buy
5360
RMB/Ton
-1.11%
2015-10-13
MEG Sell
690
USD/Ton
0%
2015-10-13
CPL Buy
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Cotton futures edged higher in thin trade on Monday, as farmers held off selling and prices consolidated after a choppy session on Friday when the US government cut its outlook for global demand and production. Front-month prices hovered throughout the day near Friday's three-week high of 62.24 cents per lb. "Harvest is right in front of us, but farmers won't sell the market," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.
The US Department of Agriculture on Friday also cut its pro
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Textile Raw Material Price 2015-10-12
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
49.63
USD/Barrel
3.81%
2015-10-12
Crude Oil Brent
839
USD/Barrel
0.96%
2015-10-12
PX
52.65
USD/Ton
2.57%
2015-10-12
PTA Buy
4650
RMB/Ton
1.09%
2015-10-12
PTA Sell
590
USD/Ton
0%
2015-10-12
MEG Buy
5420
RMB/Ton
2.65%
2015-10-12
MEG Sell
690
USD/Ton
6.98%
2015-10-12
CPL Buy
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Textile Raw Material Price 2015-10-11
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
49.63
USD/Barrel
3.81%
2015-10-11
Crude Oil Brent
839
USD/Barrel
0.96%
2015-10-11
PX
52.65
USD/Ton
2.57%
2015-10-11
PTA Buy
4650
RMB/Ton
1.09%
2015-10-11
PTA Sell
590
USD/Ton
0%
2015-10-11
MEG Buy
5420
RMB/Ton
2.65%
2015-10-11
MEG Sell
690
USD/Ton
6.98%
2015-10-11
CPL Buy
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ICE cotton dipped in choppy trade on Friday after the US government lowered its forecast for demand in some of the world's leading consumers in its monthly supply and demand report, though it also reduced expectations for US output. The December contract settled down by 0.11 cent, or 0.2 percent, at 61.61 cents a lb after falling in the period immediately before settlement despite trading in positive territory for the bulk of the time after the report's release.
Trade was choppy immediately
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Textile Raw Material Price 2015-10-09
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.81
USD/Barrel
5.7%
2015-10-09
Crude Oil Brent
757
USD/Barrel
-2.7%
2015-10-09
PX
51.33
USD/Ton
6.43%
2015-10-09
PTA Buy
4600
RMB/Ton
4.55%
2015-10-09
PTA Sell
590
USD/Ton
1.72%
2015-10-09
MEG Buy
5280
RMB/Ton
1.93%
2015-10-09
MEG Sell
645
USD/Ton
0%
2015-10-09
CPL Buy
-
ICE cotton fell on Thursday as weekly US government export sales data suggested that beyond a large sale to Mexico, whose purchases are seen as a given, demand for US cotton remained weak world-wide despite low prices. "Mexico only consumes as much as it consumes, and there's only one place you can get it," said Ron Lawson, a partner at commodity investment firm Logic Advisors in Sonoma, California, explaining that Mexico's large purchases this week did not suggest that the country would be impo
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Textile Raw Material Price 2015-10-08
Item
Price
Unit
Fluctuation
Date
Crude Oil WTI
47.81
USD/Barrel
5.7%
2015-10-08
Crude Oil Brent
757
USD/Barrel
-2.7%
2015-10-08
PX
51.33
USD/Ton
6.43%
2015-10-08
PTA Buy
4600
RMB/Ton
4.55%
2015-10-08
PTA Sell
590
USD/Ton
1.72%
2015-10-08
MEG Buy
5280
RMB/Ton
1.93%
2015-10-08
MEG Sell
645
USD/Ton
0%
2015-10-08
CPL Buy
-
ICE cotton settled little changed on Wednesday after hitting a 2-1/2 week peak as producers took advantage of the market's move higher this week, in part due to historic rains and floods in the US Southeast, to fix prices as the harvest loomed. "Producers can get a couple of extra cents," said Louis Rose, an independent cotton trader and consultant at Risk Analytics in Memphis, Tennessee.
He noted that the market was likely "not going to see a lot of activity" ahead of Thursday's US export s